Ex-SocGen Exec Asks 2nd Circ. To Deep-Six Libor Case

Law360, New York (September 3, 2020, 11:19 PM EDT) -- A former Societe Generale SA executive accused of rigging the Paris bank's submissions to the London Interbank Offered Rate on Thursday asked the Second Circuit to undo a lower court's "unwarranted expansion of the Fugitive Disentitlement Doctrine."

French national Muriel Bescond, a former head of SocGen's Paris treasury desk, is accused with her former colleague Danielle Sindzingre, SocGen's global head of treasury, of reporting the bank's lending rates as lower than they actually were between May 2010 and October 2011 to "avoid anticipated reputational harm" for the lender.

Bescond and Sindzingre, who reside in France, have not appeared in New York...

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